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Foundational insights: Exclusive interview with Deloitte’s manufacturing leader

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Some sectors of technology change so fast it can be bewildering for people whose jobs and livelihoods depend on keeping up with new innovations and developments which can mean the difference between profit and loss, success and failure. 

Traditionally, larger companies have been wary of the threat of smaller, more nimble and more flexible competitors launching more innovative products and services faster and at a lower price point and taking away their market share.

It doesn’t always happen, but it does sometimes. Corporate history is littered with many stories of successful companies which went from being the dominant market leader to being an also-ran, or worse.  [Read more…] about Foundational insights: Exclusive interview with Deloitte’s manufacturing leader

The growing importance of software in the manufacturing sector

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It’s not just manufacturing – it applies to all industries. But manufacturing is the sector that outside observers might expect to be the least affected by the digital world. 

Nothing could be further from the truth of course, especially now.

Some people might think that everything in a factory is entirely mechanical, and maybe just has some electrical components – with a chip or two for the industrial robots.

But increasingly, factories are becoming a hive of hi-tech activity, and the new buzz is almost entirely about the software.  [Read more…] about The growing importance of software in the manufacturing sector

HP and Deloitte partner to provide digital technologies for industrial companies

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HP, one of the world’s largest manufacturers of computer technology, and Deloitte Consulting have partnered to provide a range of products and services intended to help industrial companies to digitise their operations. 

The idea of digitalisation is still something many industrial companies are getting used to, and it’s something that has yet to be fully realised.

Many large industrials, such as Siemens and GE Digital, have demonstrated various facets of what digitisation means, but the reality may be that it’s too big and complex to even describe in a short time.  [Read more…] about HP and Deloitte partner to provide digital technologies for industrial companies

Americans positive about future of manufacturing but wouldn’t want to work in it

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Americans are optimistic about the future of manufacturing despite saying they wouldn’t want to work in the sector. 

The US manufacturing industry suffers from an important image problem that undermines its competitiveness, says a new opinion survey by Deloitte and the National Association of Manufacturers.

Only 50 per cent of Americans think manufacturing jobs are interesting and less than 30 per cent are likely to encourage their children to pursue a career.  [Read more…] about Americans positive about future of manufacturing but wouldn’t want to work in it

Manufacturing industry critical to economic prosperity, say Americans

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national assn manufacturing pic

The vast majority of Americans believe manufacturing plays a vital role in safeguarding US economic prosperity and maintaining their quality of life, according to the 2017 Manufacturing Perceptions Survey from Deloitte and The Manufacturing Institute.

The study found more than three-quarters (76 percent) of Americans surveyed believe the US should invest further in the manufacturing industry.

Jay Timmons, president and CEO of the National Association of Manufacturers, says: “Modern manufacturing has captured the imagination of the American public and our elected leaders.

“This important research indicates public opinion of the future of the industry has taken a measurable, positive jump as people acknowledge the strong connection between this industry, the US economy and the American way of life.

“As we have done with our Creators Wanted video series, manufacturers are taking it upon themselves to tell the story of our industry and the lives we touch. It’s encouraging to see that our story is resonating.”  [Read more…] about Manufacturing industry critical to economic prosperity, say Americans

‘Fifty per cent of S&P 500 firms could be replaced in 10 years’

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deloitte industry 4 image

One of the world’s largest business consultancy firms says many of the largest companies we know today will probably be overtaken by new corporate giants within a decade. 

In a report into what’s being called the “fourth industrial revolution”, Deloitte says: “About 50 percent of S&P 500 firms will likely be replaced over the next 10 years due to new digital disruptors and inability of established firms to reinvent themselves.”

The consultancy adds: “How companies choose to evolve, explore new avenues for growth, and better engage their customers can make the difference between thriving and extinction.”  [Read more…] about ‘Fifty per cent of S&P 500 firms could be replaced in 10 years’

Huge reboot: What Trump’s aversion to trade blocs could mean for the US robotics, automation and manufacturing industries

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The US automotive manufacturing industry is probably going through some angsty times right now, what with president-elect Donald Trump reiterating his campaign pledge to repeal or at least renegotiate the Trans-Pacific Partnership, the North American Free Trade Agreement, and any other free-trade deal previous administrations have signed up to. 

For a highly globalised industry like the automotive sector, which sources parts from all over the world and may assemble its vehicles in any number of countries simultaneously based on a common platform, this is perhaps one election promise which it would rather not be kept.

However, Trump has already produced a presidential address style video in which he says: “I am going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country.

“Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores.”  [Read more…] about Huge reboot: What Trump’s aversion to trade blocs could mean for the US robotics, automation and manufacturing industries

US will regain top spot from China in manufacturing by 2020, says report

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The United States will regain its lead as the world’s most competitive manufacturing nation by the year 2020, according to a report by economic analyst Deloitte. 

Deloitte made its forecast after surveying the opinions of manufacturing industry executives for its 2016 Global Manufacturing Competitiveness Index.

Deloitte says “executives expect the US to assume the top position before the end of the decade”.  [Read more…] about US will regain top spot from China in manufacturing by 2020, says report